State Bank of India (SBI) has issued a public caution notice to alert its customers and the general public about the circulation of deepfake videos on social media. These videos falsely depict SBI's top management endorsing or launching certain investment schemes.
These deceptive videos leverage advanced technological tools to mislead viewers into believing that SBI officials are advising investments in these schemes, which promise unrealistic or unusually high returns. SBI has clarified that neither the bank nor any of its top officials offer or support any such investment schemes.
The bank urges members of the public to exercise caution and avoid engaging with or falling prey to these fraudulent deepfake videos. Always verify the authenticity of any investment advice and rely on official communication channels for accurate information.